Source From: Grain News

Under the pressure of the launch of peanut, the price of peanut will have a fall in a short-term way domestically. While the decrease of the quantity of output and high-quality pignut, the price is experiencing an increase in a medium and long term, enjoying 1,000 Yuan/ton increase space compared with the current mainstream market price.

In September and October, the peanut is launched at home from the south to the north. The output, quality and price of peanut become the focus of attention of this industry. From the point view of market reflection, at present, the peanut from the main producing areas in Henan and Shandong peanuts are put into the market in large amount. The price is mainly concentrated at 7,200 ~ 7,800 Yuan/ton which is much lower than 8,200 ~ 9,200 Yuan/ton compared to the same time last year. Although the price is low, the oil plant and dealers adopt a wait-and-see attitude and are prudent in purchase. The market volume of purchase fails to be enlarged.

    The peanut price kept falling last year. The earnings for peanut gained by the farmers have fallen sharply. In addition, its planting and harvesting take more time than other crops. Therefore, the planting area in this year is down compared with last year which causes the deduction in total output in this year.

According to data provided by the China National Grain and Oils Information Center: in 2014, the planting area of peanut in China is 4.5 million hectares, a year-on-year decrease of 2.9%; its average yield is 3.667 ton/hectare, a year-on-year growth of 0.1%; and the total output is 16.5 million tons, a year-on-year down of 2.8%.